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Twitter Rally Picks Up Steam

12/27/2013 8:43AM

It’s a happy holiday for Twitter investors. The stock has been on a tear, up more than 170% since its early November IPO, now the best U.S.-listed IPO for companies that raised more than $100 mln this year. Steven Russolillo joins the News Hub. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the ... Twitter shares at nearly tripled since their initial public offering ... just last month making the social media darling one of the best performing certainly will most talked about IPO's of twenty thirteen what's behind the momentum to join us to talk with ... my MoneyBeat compatriot Steve Russolillo Stephen morning tendency to get this ... idea I think one story on our new colleague Maury fast to the combined for this one ... while once I it's been a wild ride and really it's picked up steam over the past few days now Twitter's of ideas in a row ... looks like a hundred seventy six percent since its IPO in these numbers are just incredible ... I'm really right there haven't been any major announcements here is a lot of height and a lot of excitement ... around this may mean ... that a good thing that I mean this is not profitable company yet I mean this is ... indeed they still have a lot to prove here in the public markets the rate now ... people to see a lot of potential and their own money into an anti EU marine you guys working the phones yesterday talking a lot of investors but he's speaking ETF on what were they telling you what's your sense of ... the Twitter investor brain ... Yes of that there's ... a couple different types of investors that are driving the Swiss hearing that there's a lot of big momentum hedge fund players that are out there that are just sort of playing around with and now cross again that there's a lot of we tell us a lot of mom and pop investors that are out there that aren't ... buying Twitter the seat and and they range from all ages people miss twenties and thirties people's immense sixties and seventies there buying sweater ... I'd talk to one guy who said that he's never even use Twitter but ... he is he's just fascinated by how many people are on an athlete's actresses whatever and ... he's like the Hessey something there they're going to make money eventually so an inning get in and out now he says he's not a long time or by any stretch ... of art as seen on a long-term investor Bangladesh imagination he says once it goes down a little he's going to be out ... and today it's actually are set to drop a little bit odd ... but a debt downgrade by ... a firm called Lardy so ... the stock is the will the market now saw Mexican Apollo Clifton C feedbacks to get the Sarah ... P Howell how much does this say these investors up for a fully on the stock is ... Jägermeister richly valued to put it diplomatically they'll make money they have not reporting as a public company ... does this in the stock of that he stumble is going to to create a stampede it seems that that's certainly a possibility and I think that you know there is only set up because there's been so much excitement about when the company does report quarterly results which is expected ... probably in January ... you know if if there is sort of this public there's something that doesn't quite meet expectations considering the big run up you could have a big drop on on the other end but I think that rate now this is so much momentum behind this thing into the wee seen this week seeking this all year long that these momentum and thinking go a lot further than you think they will ... but then they can also